2,231 properties priced between $1M and $2M
Buying a $1M to $2M apartment in NYC puts the purchase in the first mansion tax bracket: 1.00% of the full price, paid by the buyer at closing, so a $1,000,000 contract owes $10,000 and a $1,500,000 contract owes $15,000. A contract at exactly $2,000,000 moves into the 1.25% bracket and owes $25,000, while a $999,999 purchase owes no mansion tax at all.
Co-ops and condos in this band follow different rules. A co-op purchase is a transfer of shares that needs board approval, and the board reviews the buyer's full financial package before it votes; a condo generally requires no board approval and allows more flexibility for investors and pied-a-terre buyers. The mansion tax applies to both, since there is no co-op exemption.
| Purchase price | Mansion tax rate | Arithmetic | Mansion tax (buyer) |
|---|---|---|---|
| $999,999 | 0% | Below the $1,000,000 threshold | $0 |
| $1,000,000 | 1.00% | $1,000,000 x 0.0100 | $10,000 |
| $1,500,000 | 1.00% | $1,500,000 x 0.0100 | $15,000 |
| $1,990,000 | 1.00% | $1,990,000 x 0.0100 | $19,900 |
| $2,000,000 | 1.25% | $2,000,000 x 0.0125 | $25,000 |
The $1M to $2M band is the deepest segment of the NYC sale market, spanning one and two bedroom condos in full-service buildings, larger pre-war co-ops, and some townhouse units. Every purchase at or above $1M triggers the NYC mansion tax, which starts at 1% of the purchase price in this band and is paid by the buyer at closing.
I work with buyers across all five boroughs at this price point. Read the mansion tax guide, or use the form below to start a private search.
Tell me the price range and what you are after in NYC. I read every request myself, and nothing you write here is shared with a listing broker without your say.
Active
$1,798,000
Condo3 COURT Square #3908
Long Island City
Active
$1,795,000
Condo240 PARK Avenue S #3D
Flatiron
Active
$1,795,000
Condo222 16TH Street #2H
Park Slope
Active
$1,795,000
Condo185 Skillman Avenue #2R
Williamsburg
Active
$1,795,000
Condo21-30 44TH Drive #5H
Long Island City
Active
$1,795,000
Condo214 N 11TH Street #1V
Williamsburg
Active
$1,795,000
Co-op167 E 61st Street #30E
Lenox Hill
Active
$1,795,000
Triplex1484 Prospect Place
Weeksville
Active
$1,795,000
Condo121 E 23rd Street #7D
Flatiron
Active
$1,795,000
Condo447 W 18TH Street #8B
Chelsea
Active
$1,795,000
Condo316 Carroll Street #1
Carroll Gardens
Active
$1,795,000
Co-op219 E 83rd Street #2
Upper East Side
Active
$1,795,000
Co-op225 E 79TH Street #5A
Yorkville
Active
$1,795,000
Condo80 PARK Avenue #2E
Murray Hill
Active
$1,795,000
Condo505 W 43RD Street #14A
Hell's Kitchen
Active
$1,795,000
Co-op205 E 69th Street #2A
Lenox Hill
Active
$1,795,000
Co-op45 SUTTON Place S #3H
Sutton Place
Active
$1,795,000
Multi Family235 Arlington Avenue
East New York
Active
$1,795,000
Multi Family63 W 128th Street
Central Harlem
$1,795,000
Condo305 2ND Avenue #344
Gramercy Park
Active
$1,795,000
Condo315 7TH Avenue #4D
Chelsea
Active
$1,795,000
Co-op8 E 83rd Street #14C
Upper East Side
Active
$1,795,000
Co-op11 5th Avenue #6R
Greenwich Village
Active
$1,795,000
Condo150 W 56TH Street #5206
Midtown
